Axfood conducts food retail and wholesale trade in Sweden. Retail business is conducted through the wholly owned Willys, Hemköp and PrisXtra chains. The Group owns 237* stores. In addition, Axfood collaborates with a large number of proprietor run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar’n and Tempo trademarks. In all, Axfood collaborates with approximately 840 proprietor-run stores Wholesale business is conducted through Dagab and Axfood Närlivs.
Axfood is listed on Nasdaq OMX StockholmAB’s Large Cap list. Axel Johnson AB is the principal owner with 50.1% of the shares. Axfood has an approximate 20% share of the food retail market in Sweden.
* The number of stores is updated quarterly.
The year in figures
|
2011 |
2010 |
| Net sales |
34,795 |
34,260 |
| Operating profit |
1,250 |
1,209 |
| Operating margin, % |
3.6 |
3.5 |
| Profit after financial items |
1,214 |
1,172 |
| Profit after tax |
891 |
862 |
| Earnings per share, SEK |
16.99 |
16,42 |
| Average number of emplyess during the year |
7,062 |
6,895 |
Mission
Axfood’s business mission is to develop and run successful food retail concepts based on clear and attractive customer offerings.
Vision
Through profitable growth and innovative thinking, Axfood aspires to be the best food retail company in the Nordic region.
Business model
Axfood's business model is built upon a strong purchasing function, focus on private
label products, efficient logistics and attractive grocery stores.
